Scudder International Fund
International Shares
Supplement to Prospectus
Dated August 1, 1999
Scudder International Fund (the "fund") currently offers three classes of shares
to provide investors with different purchase options. The three options are:
International Shares, Barrett International Shares and Class R shares. Only
Class R shares are offered and described in this supplement to the prospectus.
Class R shares are available for purchase by participants of certain
employer-sponsored retirement plans. Class R shares currently are available for
purchase through certain financial intermediaries as well as third-party
providers and other entities. Share certificates are not available for Class R
shares.
The following information supplements the following indicated sections of the
prospectus:
How the fund works
The Fund's Track Record
As Class R shares do not have a full calendar year of performance, no past
performance data is provided. However, the bar chart and performance table on
page 4 of the International Shares' prospectus shows how the total returns for
the fund's International Shares have varied from year to year, which may give
some idea of risk. International Shares are not offered in this supplement to
the prospectus but have substantially similar annual returns to the Class R
shares because the Class R shares are invested in the same portfolio of
securities and the annual returns would differ only to the extent that the
classes have different expenses.
August 1, 1999
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How Much Investors Pay
Because this is a no-load fund, it doesn't charge you any shareholder fees. The
fund does have annual operating expenses, and as a shareholder you pay them
indirectly.
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Shareholder Fees (paid directly from your investment)
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Sales Charges/Redemption Fees None
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Annual Operating Expenses (deducted from fund assets)
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Management Fee 0.81%
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Distribution (12b-1) and Service Fee 0.00%*
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Other Expenses** 0.76%
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Total Annual Operating Expenses 1.57%
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* The Class R shares are subject to a Rule 12b-1 and Administrative Services
Plan (the "Plan"), which allows for payment of a fee of up to 0.25% for
distribution- related services. Currently, the fund's Board of Directors
(the "Board") has not authorized payment under the Plan. The Board, however,
may authorize payments under the Plan at any time. If payment under the Plan
is authorized, the administrative services fee described below would be
reduced.
** Includes an administrative services fee of 0.25%, in addition to other
class-specific expenses, such as transfer agent and certain registration
fees, which amounts may vary with class size and other factors. Because the
inception date of Class R shares is August 1, 1999, "Other Expenses" are
estimated based upon the amounts incurred by the International Shares of the
fund during the fiscal year ended March 31, 1999.
Expense Example
Based on the costs above, this example is designed to help you compare the
expenses of the fund's Class R shares to those of other funds. The example
assumes you invested $10,000, earned 5% annual returns, reinvested all dividends
and distributions, and sold your shares at the end of each period. Remember that
this is only an example, and that actual expenses will be different.
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1 Year 3 Years 5 Years 10 Years
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$160 $497 $857 $1,872
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Financial highlights
As Class R shares are a new class of shares of the fund, no financial highlight
data is available.
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How to invest in the fund
How to Buy Shares
First investment Additional investments
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o Class R shares are available only o Please consult your plan
through employer-sponsored administrator or plan
retirement plans. Please consult representative for more
your plan administrator or plan information on how to purchase
representative for more shares
information on how to purchase
shares
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How to Exchange or Sell Shares
Exchanging into another fund Selling shares
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o Shareholders of Class R shares may o Please consult your plan
exchange their Class R shares only administrator or plan
for shares of funds authorized for representative for more
exchange by the applicable plan. information on how to sell
Please consult your plan your shares
administrator or plan
representative for more
information concerning exchanges
of shares
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Understanding Distributions and Taxes
Dividends and other distributions in the aggregate amount of $10 or less are
automatically reinvested in shares of the same fund unless you request that such
policy not be applied to your account.
